12/17/2014 – Gold

Issued: 12/16/2014

Feb. gold:

1. The recent decline in Feb. gold places the market at a critical juncture on the downside with tomorrow, Wed., Dec. 17 (+/-1 day) as the next important daily market bottom. It is possible that the daily bottom occurred today, Tues., Dec. 16.

2. Any further test and daily close above $1186 in Feb. gold will place the market in a ‘Buy’ position for a tradable multi-day advance. Should the market be unable to test $1186 as noted above an alternate long entry will be messaged in a subsequent update.

David Williams

Issued: 12/17/2014

Feb. gold:

1. Our previous (Tues., Dec. 16) report indicated that Feb. gold gold would be in a ‘Buy’ position for new long entry upon a Feb. 17 daily touch and close above $1186.

2. Today’s (Wed., Dec. 17) Feb. gold broke to new recent lows at $1182 and closed the day at $1189.20, above $1186.00, prompting new long entry, noted in the previous report.

3. Partial long position exit should be taken at current prices (current price $1193.70).

4. A protective sell stop should be placed at $1184.00. This stop will be moved higher as the market continues to confirm.

David Williams

Issued: 12/18/2014

Feb. gold:

1. Our previous (Tues., Dec. 16) report indicated that Feb. gold gold would be in a ‘Buy’ position for new long entry upon a Feb. 17 daily touch and close above $1186.

2. Partial long position exit was taken yesterday (Wed., Dec. 17) at $1193.70.

3. Further long position exit should be taken now at current prices (current price $1205.00). Will message final long position exit in a subsequent update.

4. Our protective sell stop has been raised to $1196.00.

David Williams

Issued: 12/18/2014

Feb. gold:

1. Today Feb. gold declined and triggered our recently adjusted $1196.00 protective sell stop, completing our recent long trade from approximately $1189.00 to $1205.00. This resulted in a successful trade. Will message any further entry or indication in Feb. gold.

David Williams